UNDERSTANDING DIGITAL ENTREPRENEURSHIP: A THEORETICAL PERSPECTIVE

Daniel Pop (), Ramona Simut () and Dorin Bac ()
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Daniel Pop: Doctoral School of Economic Sciences, Faculty of Economic Sciences, University of Oradea, Oradea, Romania
Ramona Simut: Department of Economics and Business, Faculty of Economic Sciences, University of Oradea, Oradea, Romania
Dorin Bac: Department of Economics and Business, Faculty of Economic Sciences, University of Oradea, Oradea, Romania

Annals of Faculty of Economics, 2024, vol. 33, issue 1, 148-154

Abstract: This paper explores the multifaceted nature of digital entrepreneurship, tracing its evolution alongside the digital transformation of the broader economy. Entrepreneurship research has expanded to encompass a wide range of theoretical perspectives. It outlines the evolution of theoretical perspectives in entrepreneurship studies, shifting from a focus on individual characteristics to a broader emphasis on environmental, social, and institutional factors. The paper highlights the diversity of methodological approaches utilized in entrepreneurship research, ranging quantitative, qualitative, and computational techniques. The advent of the internet opened the door for e-commerce in the 1990s, followed by the rise of Web 2.0 social platforms in the 2000s, further empowering entrepreneurs through user-generated content and the power of networks. The current phase of digital entrepreneurship is characterized by data-driven platforms, sophisticated algorithms, and the blurring of physical and digital boundaries. Theoretical frameworks, including innovation theory, resource-based views, lean startup methodologies, and institutional perspectives, aid in understanding the opportunities and challenges within this dynamic field. Digital entrepreneurship is presented as a dynamic force reshaping the modern economy. The paper traces the evolution of digital entrepreneurship through three key phases: the emergence of e-commerce in the 1990s, the rise of Web 2.0 social platforms in the 2000s, and the current dominance of data-driven platforms. The ongoing digital revolution has profoundly altered the entrepreneurial landscape, demanding new skills, strategies, and models for success. The COVID-19 pandemic further accelerated digital adoption across businesses and society. The paper underscores the significance of digital entrepreneurship within the context of technological advancement, institutional shifts, and evolving market dynamics.

Keywords: digital entrepreneurship; Web 2.0; data-driven platforms (search for similar items in EconPapers)
JEL-codes: L26 M13 O33 (search for similar items in EconPapers)
Date: 2024
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